With stimulus talks at another standstill and vaccine momentum in the rearview mirror, U.S. equity markets fell today, bringing the S&P 500 and the Nasdaq off their record highs. The losses were mild with technology and stay-at-home stocks leading the declines. This article is an excerpt from our free The Market Sum newsletter. Sign up here to
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SpaceX’s Crew Dragon Endeavour seen docked with the International Space Station on July 1, 2020. NASA Morgan Stanley held its annual space summit virtually this year due to the coronavirus pandemic, but analyst Adam Jonas told CNBC that hundreds of investors and observers participated in the event on Tuesday as interest in the space industry
As a technology, blockchain is quickly becoming unrivaled. Although the Internet has long been familiar with other peer-to-peer applications for file sharing, music streaming, and more, the idea that these types of networks can provide their own security and resources has only been around since 2008. In the decade since its inception, blockchain was mostly
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. Christopher Morin | Bloomberg | Getty Images JPMorgan Chase has a set of policy recommendations for ways President-elect Joe Biden can prevent a
Shortly after the open on December 7, 2020, Interactive Brokers, a platform that is typically resilient and crash-proof, had major issues. Customers of Interactive Brokers started complaining on Twitter and posting reports to DownDetector very early in the morning, peaking at 9:30 AM Eastern Time, saying they were unable to log in to their accounts.
CNBC’s Jim Cramer said Wednesday he believes there is “rabid money” interested in upcoming technology IPOs, but he urged young investors not to chase after DoorDash once the third-party delivery company goes public. “When people know the brand, the younger inventors just say, ‘You know what, get me some,'” Cramer said on “Squawk on the Street,” “DoorDash
It’s time to take a closer look at trust funds. You may be surprised to learn they serve a purpose beyond funding the lifestyles of young heirs. What Exactly Are Trust Funds? Trust funds are legal entities that may hold an assortment of assets, including cash, stocks, and other investments. These assets provide an income stream to
Treasury Secretary Steven Mnuchin listens to a question during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, December 2, 2020. Greg Nash | Pool | Reuters The decision by Treasury Secretary Steven Mnuchin not to extend the funding
Cree, Inc. (CREE) shares fell more than 2.5% during Monday’s session after Morgan Stanley downgraded the stock amid valuation concerns. Key Takeaways Cree shares fell more than 2.5% during Monday’s session after Morgan Stanley downgraded the stock on valuation concerns. Analyst Craig Hattenbach believes that the stock’s recent rally has created a high bar to
Adam Jeffery | CNBC Wealthfront has named former Federal Deposit Insurance Corporation head Sheila Bair and ex-Comptroller of Currency Thomas Curry to an advisory group created to help the fintech firm push further into financial services, CNBC has learned. Bair is best known for steering the FDIC through the 2008 financial crisis, pushing back against
There’s safety in numbers, the old saying goes, and when it comes to mutual fund investing, it’s not a bad principle. The largest mutual funds have trillions in assets under management (AUM), in addition to lower expense ratios, which may improve performance over time. In addition, the biggest mutual funds provide access to premiere money managers
New Hampshire is ordering Merrill Lynch to pay $26.25 million in fines and restitution to the state and to an investor, the former Governor of New Hampshire, who claimed he suffered losses at the hands of a former Boston-based broker, to settle allegations including unauthorized and excessive trading. It is the largest monetary sanction in
One of the biggest tax bills most people pay is the federal income tax calculated on IRS form 1040 in April of each calendar year. Three other major taxes come from your state or locality: state income taxes, sales taxes, and property taxes. The way each type of tax is calculated is complicated; factors such
A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters BlackRock has raised equities to overweight for 2021, based on its view that the restart of the economy will accelerate with the distribution of vaccines. The firm is raising equities from neutral on a tactical basis, meaning over a
15-Year vs. 30-Year Mortgage: An Overview A bewildering variety of mortgages may be available, but for most homebuyers, in practice, there is only one. The 30-year fixed-rate mortgage is practically an American archetype, the apple pie of financial instruments. It is the path that generations of Americans have taken to first-time homeownership. But many of those
A Roth IRA is a retirement savings account that holds investments that you choose using after-tax money. Roth IRAs offer many benefits, and the greatest of them is the fact that your retirement money and its earnings will never be taxed again. But they’re not the right choice for every investor. If you’re thinking about
Zoom founder Eric Yuan poses with members of his company in front of the Nasdaq building in New York as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019. Kena Betancur | Getty Images As the year winds down, the stock market continues to
A total stock market index fund is a mutual fund or exchange traded fund (ETF) that tracks an equity index such as the Russell 3000 Index, the S&P 500, or the Wilshire 5000 Total Market Index, as its benchmark. By investing in stocks linked to a given index, a total market index fund’s performance aims
Back in October 2017, BlackRock, Inc. (BLK) CEO Larry Fink referred to Bitcoin (BTCUSD) as an “index of money laundering.” Three years later, he seems to have changed his mind about the cryptocurrency. During a conversation with the Council of Foreign Relations earlier this week, Fink said that Bitcoin could evolve into a “global market”
Jeff Smith, chief executive officer and chief investment officer of Starboard Value LP. Chris Goodney | Bloomberg | Getty Images Starboard Value hit an unexpected stumbling block in its activist campaign in AECOM when one of the hedge fund’s members quit the infrastructure company’s board of directors over the summer. Peter Feld quit the AECOM